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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: JimsJeeps who wrote (11168)	7/6/1999 9:49:00 PM
From: Jon Tara	Read Replies (1) \| Respond to of 14162

Actually, here's a better explanation than mine, that explains precisely why what I observed is so: Message 10395047 My "feeling" was that it's a lot more safe to place market orders on options than on NASDAQ stocks, and this explains why. The specialist is obligated to honor the bid/ask when it is theirs. Place a limit, though, and you become the market. Seems reasonable. Since I deal mainly with options for which there is little ready market (in-the-money), I'm more than happy to give the specialist his due for providing a market for me.

To: JimsJeeps who wrote (11168)	7/8/1999 10:18:00 AM
From: Herm	Read Replies (1) \| Respond to of 14162

In retrospect Jim, you caught that bottom bounce off the lower BB perfectly. BTGC is starting to catch some upward steam and you are sitting pretty. The chart last night is showing signs of a divergence between the upper and lower BB. Higher price is to be expected. IFMX still grooving and I picked up another 100 shares on the dip this morning. My portfolio capital appreciation and IFMX CC premies I sold gave me enough margin reserves for my comfort level. I will wait and later and see where IFMX will level off before I go deep on the next IFMX CC.